PropShare raises Rs367cr to expand its proptech platform
PropShare has raised funding of Rs 367 crore led by WestBridge Capital. The funding will be used to extend the proptech startup's platform across regions and real-estate asset classes by increasing distribution channels and investing in technology and people. PropShare, a real estate investing platform, has raised Rs 367 crore ($47 million) in fundraising led by WestBridge Capital, with participation from previous investors Pravega Ventures. PropShare, which was founded in 2016, is a technology-driven real estate investing platform that allows investors to acquire commercial real estate assets. The funds will be used to extend the startup's platform across regions and real-estate asset classes by increasing distribution channels and investing in technology and people. Hashim Khan, PropShare's cofounder and chief technology officer (CTO), said, "By working with WestBridge Capital, we want to grow to more than $1 billion in transacted assets on the platfo...